Theme 1: The Economic Way of Thinking Theme One: The Economic Way of Thinking
Lessons 1 to 3
Resources Are Scarce
Making Decisions
The Economic Way of Thinking
CCSS Correlation: Solve real-life mathematical problems
Use random sampling to draw inferences a population.
Essential Understanding
Vocabulary
Wants vs. Needs (strategy)
Supply and Demand
List of Type of Resources
Opportunity costs
Curriculum Integration
Math- Income and bills
Civics- Economics- Opportunity Costs, job search
Language Arts- Persuasive Writing/ for money, materials and field trips, job search
Science- Natural Resources, climate change, population
Arts- Purchasing materials, recycling
References
Civics Book
Websites- Kidscope
Language Arts- Persuasive Lessons, research
Catalogs- comparison shopping
Coupons, supplements, newspaper ads
List of Local businesses
Local bank- class visit and/tour
Videos
Purchasing Field Trip
Role playing
Monopoly
Checks
Play money
Modifications
Word Wall
Calculators
Multiplication charts
Key word/phrase- word problem
Simplified wording
Enlarged Print
Pretest-
Vocabulary matching
Value of coins
Counting
Counting back change
Post test
Oral assessment- counting back change, purchasing items
Purchasing field trip
Steps in making purchasing decision
Have enough- purchase, tax, coupon,
Making change
Vocabulary
Know the difference of Want and Need
Theme 2: Earning Income CCSS Correlation
CCSS.7W 3-0. Writing
CCSS.7NS. Apply and extend previous understanding of operations with rational numbers. Math
CCSS.8F4. Use functions to model relationships between quantities.
Essential Understanding
The best thing to do is to plan ahead and invest in going to school, get a broad background, be well-rounded. The longer one stays in school, and the more experience one gains, the better the fuure.
Cirriculum Integration
Writing/Language Arts - What's your plan of action?
Social Studies / History - A Timeline for Improvement.
On-the-job training
Interpreter/translator careers
Extension
Pre and Post Assessments
Lessons 4,5,6 assessments
Persuasive essay
Career chic essay
Career Search
Interviews with working people
Theme 3: Money Management CCSS Correlation
Essential Understanding
Cirriculum Integration
Modification for ELL, SPED, etc.
Extension
Pre and Post Assessments
Theme Four: SAVING CCSS Correlation: Common core MathematicsCommon core Language Arts
Essential Understanding It is important to set short, medium and long term goals for saving. At a financial institution consumers can cash a check, deposit money, apply for a loan, purchase a certificate of deposit and get investment advice. Where you save your money (savings account, money market, CD’s , US Savings Bonds) has advantages and disadvantages in relation to interest and safety. Three things affect how hard your money can work for you: the amount you save, the rate of interest, the length of time you leave money in your account. Investing in the stock market is risky but carries the possibility of earning a large return.
Curriculum Integration Math – Problem Solving, Ratios, Percents Language Arts – Vocabulary, Role Playing, Reading Current Events Family and Consumer Science – Money Management and Life Skills
References Katrina’s Classroom- Atlanta Federal Reserve Scholastic Magazine – CHOICES – Current Events Articles
Modifications for ELL,SPED,etc, Word Banks, Bilingual Dictionary, Collaborative Learning Groups,Word Searches, Assistive Technology Devices Extension Field trip to a Savings and Loan Institution Goal Setting Activity Guest speaker Pre and Post Assessment Lesson 10 page 75 Lesson 11 page 81 Lesson 12 Part 1 page 91 Lesson 12 Part 2 page 92 Lesson 13 page 102
Essential Understandings:
What are the advantages/disadvantages of payment with cash vs. payment with credit?
How do you obtain and maintain good credit?
What are the seven major steps in purchase decision?
How does the media influence our decisions?
Curriculum Integration: Teacher generated jeopardy game to monitor understanding of core vocabulary, panel discussions including group generated presentations of cash vs. credit, infusion of technology including creation of spreadsheets, and multimedia clips, visual examples of loan applications, guest speakers, sample credit reports, students will complete Mach on-line loan applications and explore bank websites, flyer comparison, website investigation of Consumer Reports, Better Buisness Bureau
Modification for ELL, SPED, etc. Provide copy of notes, real life examples,concrete examples to touch and look at, cloze format for voc. activites, visuals to support instruction, Cooperative learning groups, peer tutoring, use real receipts, visit to bank, stores within the community, infusion of voice recognition software to assist in filling out loan applications
Extension: Student will produce narrative pieces based on real or imaginative experiences presented (credit rating, charge card fraud) Students will work in collab. groups to define attributes of good character, role play (loan officer/applicant, students will generate Mach loan applications for student use in class, students will bringing examples from media and explain where example was obtintend
Pre and Post Assessments: Terminology Quiz, Student presentations assessing understanding of 11 unit components Compare, contrast, and discriminate applications of already processed (denied/approved)
Theme One: The Economic Way of Thinking
Lessons 1 to 3
Resources Are Scarce
Making Decisions
The Economic Way of Thinking
CCSS Correlation: Solve real-life mathematical problems
Use random sampling to draw inferences a population.
Essential Understanding
Vocabulary
Wants vs. Needs (strategy)
Supply and Demand
List of Type of Resources
Opportunity costs
Curriculum Integration
Math- Income and bills
Civics- Economics- Opportunity Costs, job search
Language Arts- Persuasive Writing/ for money, materials and field trips, job search
Science- Natural Resources, climate change, population
Arts- Purchasing materials, recycling
References
Civics Book
Websites- Kidscope
Language Arts- Persuasive Lessons, research
Catalogs- comparison shopping
Coupons, supplements, newspaper ads
List of Local businesses
Local bank- class visit and/tour
Videos
Purchasing Field Trip
Role playing
Monopoly
Checks
Play money
Modifications
Word Wall
Calculators
Multiplication charts
Key word/phrase- word problem
Simplified wording
Enlarged Print
Pretest-
Vocabulary matching
Value of coins
Counting
Counting back change
Post test
Oral assessment- counting back change, purchasing items
Purchasing field trip
Steps in making purchasing decision
Have enough- purchase, tax, coupon,
Making change
Vocabulary
Know the difference of Want and Need
Theme 2: Earning Income
CCSS Correlation
CCSS.7W 3-0. Writing
CCSS.7NS. Apply and extend previous understanding of operations with rational numbers. Math
CCSS.8F4. Use functions to model relationships between quantities.
Essential Understanding
The best thing to do is to plan ahead and invest in going to school, get a broad background, be well-rounded. The longer one stays in school, and the more experience one gains, the better the fuure.
Cirriculum Integration
Writing/Language Arts - What's your plan of action?
Social Studies / History - A Timeline for Improvement.
Resources
http://fffl.councilforeconed.org/6-8/lesson4,5,6
Field trip a to factories, businesses
Job shadowing
Interviewing people with different careers
Modification for ELL, SPED, etc.
On-the-job training
Interpreter/translator careers
Extension
Pre and Post Assessments
Lessons 4,5,6 assessments
Persuasive essay
Career chic essay
Career Search
Interviews with working people
Theme 3: Money Management
CCSS Correlation
Essential Understanding
Cirriculum Integration
Modification for ELL, SPED, etc.
Extension
Pre and Post Assessments
Theme Four: SAVING
CCSS Correlation: Common core MathematicsCommon core Language Arts
Essential Understanding
It is important to set short, medium and long term goals for saving.
At a financial institution consumers can cash a check, deposit money, apply for a loan, purchase a certificate of deposit and get investment advice.
Where you save your money (savings account, money market, CD’s , US Savings Bonds) has advantages and disadvantages in relation to interest and safety.
Three things affect how hard your money can work for you: the amount you save, the rate of interest, the length of time you leave money in your account.
Investing in the stock market is risky but carries the possibility of earning a large return.
Curriculum Integration
Math – Problem Solving, Ratios, Percents
Language Arts – Vocabulary, Role Playing, Reading Current Events
Family and Consumer Science – Money Management and Life Skills
References
Katrina’s Classroom- Atlanta Federal Reserve
Scholastic Magazine – CHOICES – Current Events Articles
Modifications for ELL,SPED,etc,
Word Banks, Bilingual Dictionary, Collaborative Learning Groups,Word Searches, Assistive Technology Devices
Extension
Field trip to a Savings and Loan Institution
Goal Setting Activity
Guest speaker
Pre and Post Assessment
Lesson 10 page 75
Lesson 11 page 81
Lesson 12 Part 1 page 91
Lesson 12 Part 2 page 92
Lesson 13 page 102
Theme 5: Spending & Credit
CCSS Correlation:
7RI: 1.,2.,3.,4
7SL: 4
7NS:3.,7.
7EE:3.
7W: 3b
Essential Understandings:
What are the advantages/disadvantages of payment with cash vs. payment with credit?
How do you obtain and maintain good credit?
What are the seven major steps in purchase decision?
How does the media influence our decisions?
Curriculum Integration: Teacher generated jeopardy game to monitor understanding of core vocabulary, panel discussions including group generated presentations of cash vs. credit, infusion of technology including creation of spreadsheets, and multimedia clips, visual examples of loan applications, guest speakers, sample credit reports, students will complete Mach on-line loan applications and explore bank websites, flyer comparison, website investigation of Consumer Reports, Better Buisness Bureau
Modification for ELL, SPED, etc. Provide copy of notes, real life examples,concrete examples to touch and look at, cloze format for voc. activites, visuals to support instruction, Cooperative learning groups, peer tutoring, use real receipts, visit to bank, stores within the community, infusion of voice recognition software to assist in filling out loan applications
Extension: Student will produce narrative pieces based on real or imaginative experiences presented (credit rating, charge card fraud) Students will work in collab. groups to define attributes of good character, role play (loan officer/applicant, students will generate Mach loan applications for student use in class, students will bringing examples from media and explain where example was obtintend
Pre and Post Assessments:
Terminology Quiz, Student presentations assessing understanding of 11 unit components
Compare, contrast, and discriminate applications of already processed (denied/approved)